Rent, population, and median household income are important factors to consider for a 1031 exchange in Deerfield Beach due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Deerfield Beach, Florida is a part of the Deerfield Beach Submarket submarket area, and contains 3 zip codes: 33442, 33443, and 33441.
Deerfield Beach Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Deerfield Beach, FL submarket area was $1,348, which is 37.13% lower than 2014 average rent. This represents a compounded annual growth rate of 6.52%. 2019 vacancy in Deerfield Beach, FL was 6.10%.
The total population of the city of Deerfield Beach, FL has grown 7.79% since 2010. As of 2018, the population was 80,863. The median household income of the Deerfield Beach was $45,581, which is 24.40% lower than the national average.
- submarket area Deerfield Beach Submarket
- avg rent $1,348
- rent growth 37.13%
- vacancy 6.10%
- median income $45,581
- population (2018) 80,863
- population growth 7.79%
- vs. nat'l avg 24.40%
- zip codes 33441 33442 33443